B&N Bank’s 3 bln rbl bond coupon guide at 11–11.25%
July 31, 2017 Prime
Russia’s B&N Bank has set the first coupon guidance of its 3 billion ruble 1-year exchange bonds at 11.00–11.25% annually, a banking source told PRIME on Monday.
The guidance corresponds to an 11.57–11.85% annual yield to maturity.
The technical placement is scheduled for Wednesday.
The issue encompasses coupon payments on 21st day of each month. B&N Bank and Sovcombank act as organizers of the placement.
Issue — B&N Bank, BO-P05
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — B&N Bank
Full nameB&N Bank (Public Joint-Stock Company)